Al Salam Bank B.S.C

Al Salam Bank B.S.C

Pressreleases, Reports and Disclosures for Al Salam Bank B.S.C

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Dubai Financial Market News
News Update From Al Salam Bank B.S.C
Disclosure: BOD meeting
Dubai Financial Market News profile image
Dubai Financial Market News
News Update From Al Salam Bank B.S.C
Disclosure: Results of BOD Meeting
Dubai Financial Market News profile image
Dubai Financial Market News
News Update From Al Salam Bank B.S.C
Disclosure: BOD meeting

Al Salam Bank B.S.C has announced that its Board of Directors will hold a meeting on Wednesday, 17th September 2025, at 10:00 am to discuss regular and periodic updates. The announcement was addressed to the Bahrain Bourse and the Dubai Financial Market. The notice was signed by Ali Yusuf Al Khaja, Head of Compliance and MLRO.

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Dubai Financial Market News
News Update From Al Salam Bank B.S.C
Disclosure: Press release

Al Salam Bank has partnered with Al Haddad Motors, the official distributor of Mercedes-Benz in Bahrain, to offer a comprehensive auto finance package for Mercedes-Benz vehicles. The offer, available until December 31, 2025, includes a special car price, a five-year service package, one-year registration fees, a five-year warranty, and optional five-year comprehensive Takaful insurance, with monthly installments starting from BHD 274. This initiative aims to simplify car ownership by integrating all related expenses into a single financing plan. Both Al Salam Bank and Al Haddad Motors expressed their satisfaction with the partnership, highlighting its potential to facilitate the car ownership process and enhance customer experience. For more details, customers can contact Al Salam Bank's Relationship Managers or visit the bank's website.

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Dubai Financial Market News
News Update From Al Salam Bank B.S.C
Disclosure: Press release

Al Salam Bank reported a significant increase in financial performance for the first half of 2025. The bank's net profits attributable to shareholders rose by 32.1% to BD 37.4 million (USD 99.1 million) compared to the same period in 2024. Earnings per share also increased to 11.1 fils (USD 29.5 cents) from 9.3 fils (USD 24.7 cents) in the previous year. Total comprehensive income grew by 4.5% to BD 41.6 million (USD 110.4 million). The bank's total assets increased by 10.7% to BD 7.82 billion (USD 20.74 billion), and total shareholders' equity rose by 11.6% to BD 402.5 million (USD 1.07 billion). Financing assets and customer deposits also showed growth, with increases of 8.3% and 7.1%, respectively. The bank maintained a strong capital adequacy ratio of 25.2%. The Chairman, Shaikh Khalid bin Mustahail Al Mashani, and CEO, Rafik Nayed, attributed the growth to strong core operations, disciplined risk management, and strategic investments in digital innovation and regional capabilities. They emphasized a focus on long-term value creation and sustainable growth amid a challenging global environment.

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Dubai Financial Market News
News Update From Al Salam Bank B.S.C
Disclosure: Financial statements for the 2nd QTR of 2025

The financial data for Al Salam Bank B.S.C. includes various types of financing and placements, both Sharia-compliant and non-Sharia-compliant. Key figures in Bahraini Dinar (BHD) thousands are as follows: Placements with financial institutions amount to 523,699 with Sharia income of 14,255. Murabaha financing totals 1,262,182 with Sharia income of 43,054. Mudaraba financing stands at 618,839 with Sharia income of 17,742. Finance lease assets are 1,598,678 with Sharia income of 49,283. Musharaka financing is 30,681 with Sharia income of 931. Salam financing is 304,742 with Sharia income of 9,020, and Istisna financing is 125,596 with Sharia income of 3,606. Credit card figures are 24,389 with no Sharia income. Placements from financial institutions and individuals amount to 148,490 with a negative Sharia income of 5,009. Customers' current accounts total 1,468,183, and Murabaha term financing is 960,000 with a negative Sharia income of 21,206. The equity of investment account holders is 4,302,316 with a negative Sharia income of 72,787. The balance sheet and income statement are as of 30 June 2025.

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Dubai Financial Market News
News Update From Al Salam Bank B.S.C
Disclosure: Results of BOD Meeting
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Dubai Financial Market News
News Update From Al Salam Bank B.S.C
Disclosure: Press release

Al Salam Bank has partnered with Live Life and Hawar Resort by Mantis to offer an exclusive summer discount for its VISA credit, prepaid, and youth debit cardholders. The offer includes a 10% discount on room rates, spa treatments, and selected food and beverage outlets at the resort. This discount is available when cardholders use their eligible Al Salam Bank card at the resort. The initiative is part of the bank's strategy to enhance lifestyle benefits for its clients through unique experiences in collaboration with various brands. The offer aims to provide a premium staycation experience in Bahrain. Key figures from Al Salam Bank, Live Life, and Hawar Resort expressed their enthusiasm for the collaboration, highlighting its value in enriching cardholders' experiences. Additionally, Al Salam Bank cardholders have access to discounts at over 100 merchants in Bahrain. More details can be found on the bank's website or Instagram account.

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Dubai Financial Market News
News Update From Al Salam Bank B.S.C
Disclosure: Press release

ONE App, supported by Al Salam Bank, has launched an integrated e-marketplace in Bahrain, featuring a Buy Now, Pay Later (BNPL) option. This development aims to enhance the retail experience by allowing local merchants to display their products on the app, providing users with a convenient shopping experience. The BNPL feature enables clients to make interest-free purchases and pay in three monthly installments without requiring paperwork or salary transfers. Merchants benefit from a self-service onboarding process, the ability to offer installment plans, and tools to monitor sales performance. Haitham Al Haddad, General Manager of ONE App, highlighted the initiative's role in simplifying financial services and enhancing retail in Bahrain. The launch aligns with ONE App's strategy to be a leading digital platform, focusing on accessibility and convenience to support economic participation and digital transformation in the region. Users can learn more by visiting the ONE App website or downloading the app.

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Dubai Financial Market News
News Update From Al Salam Bank B.S.C
Disclosure: Press release

Al Salam Bank has partnered with Euro Motors to introduce a limited-time auto financing offer for select BMW models in Bahrain. The offer includes attractive pricing, a five-year service plan, a five-year warranty, one-year registration, and one-year comprehensive insurance, with monthly payments starting from BHD 242, subject to terms and conditions. This initiative aligns with Al Salam Bank's strategy to enhance its retail product offerings through strategic partnerships and lifestyle-driven services. The collaboration aims to provide clients with a premium and flexible vehicle ownership experience. Al Salam Bank emphasizes its commitment to delivering value through innovative financial solutions, while Euro Motors highlights the shared goal of offering exceptional service and automotive experiences. For more information, interested clients can contact Al Salam Bank's relationship managers or visit the bank's website.

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Dubai Financial Market News
News Update From Al Salam Bank B.S.C
Disclosure: Press release

Al Salam Bank, a leading financial institution in Bahrain, is participating in "Youth City 2025" for the third consecutive year, focusing on empowering youth through financial education. The bank introduced an innovative program called "Life with Al Salam Bank," which uses an interactive simulation game to teach participants about real-life financial scenarios and decision-making. The program aims to enhance financial awareness and responsible behavior among young people, emphasizing the importance of financial planning. Mahmood Qannati, Head of Marketing & Communications at Al Salam Bank, highlighted the bank's commitment to empowering youth with financial knowledge as an investment in national economic sustainability. The initiative reflects the bank's dedication to educational and community-driven projects that support youth development, sustainability, and social responsibility. Through its involvement in "Youth City," Al Salam Bank aims to contribute to a financially informed and prosperous society.

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Dubai Financial Market News
News Update From Al Salam Bank B.S.C
Disclosure: Press release

Al Salam Bank has launched the 19th edition of its Annual Summer Internship Program, involving 45 university students, the largest group in the program's history. The two-month program aims to provide students with the necessary skills and exposure to succeed in the banking and financial sectors. This year's theme, "Sustainable Development through Innovation and AI," aligns with the bank's focus on integrating ESG principles and digital transformation. The program includes structured learning, departmental rotations, and mentorship, with interns participating in a project-based challenge to develop sustainability-driven solutions using AI. Winning proposals may receive monetary awards and be considered for implementation. Participants will also visit a local institution to learn about responsible innovation and sustainable operations. Muna Al Balooshi, Head of Human Resources and Administration, emphasized the program's role in youth empowerment and human capital development. The initiative supports Bahrain's knowledge-based economy by preparing future banking and finance professionals.

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